268 Bluebonnet Lane 124, Scotts Valley, California 95066, Scotts Valley, 95066 - 2 bed, 2 bath
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268 Bluebonnet Lane 124
Scotts Valley, California 95066
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,212Sq Ft
0Lot Size
Property Price
LIST PRICE$640,000
EST. MARKET VALUE
$640,000
SUMMARY
This 2004-built condominium represents a Strong Value Opportunity, currently listed at a List Price of $640,000—positioned well below the $640,000 Fair Market Value (market-aligned). While the property maintains a Fair Condition Rating with original finishes, it offers a modern layout and a pleasant view of mature trees. Located within a top-tier district featuring 8/10 rated schools, this asset provides a stable foundation for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity in a desirable Scotts Valley community.
Estimated Market Value
$640,000
Based on Realkey algorithm analyzing recent comparable sales in Scotts Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 268 Bluebonnet Lane 124 Subject 2 bd · 2 ba · 1,212 sqft · $528 | $640,000* List Price | 2 | 2 | 1,212 | $528 | - |
A 111 Bean Creek Road 156 Sold 2 bd · 2 ba · 1,043 sqft · $550 · 0.2 mi | $573,800 | 2 | 2 | 1,043 | $550 | 0.2 mi |
B 111 Bean Creek Road 178 Sold 2 bd · 2 ba · 1,043 sqft · $561 · 0.2 mi | $585,000 | 2 | 2 | 1,043 | $561 | 0.2 mi |
C 111 Bean Creek Road 180 Sold 2 bd · 3 ba · 1,180 sqft · $599 · 0.2 mi | $707,000 | 2 | 3 | 1,180 | $599 | 0.2 mi |
D 311 Bean Creek Road 301 Sold 2 bd · 1 ba · 1,012 sqft · $608 · 0.1 mi | $615,000 | 2 | 1 | 1,012 | $608 | 0.1 mi |
E 111 Bean Creek Road 184 Pending 2 bd · 3 ba · 1,180 sqft · $572 · 0.2 mi | $675,000 List Price | 2 | 3 | 1,180 | $572 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2004, the property is 22 years old and appears to maintain its original finishes. While functional, the interior shows signs of age with dated carpeting and basic fixtures. Per the criteria for properties over 20 years old that are dated and may need minor updates, it is rated as Fair.
PROSSTRENGTHS & OPPORTUNITIES
- Top-Rated School District
The property is served by highly-rated public schools, all scoring an 8/10 rating, with Scotts Valley Middle School conveniently located just 0.36 miles away.
- Significant Value Opportunity
Currently listed at $640,000, the property is priced well below its 2021 sale price of $775,000, offering a rare opportunity for equity gain in a desirable area.
- Modern Construction
Built in 2004, this 1,212 sqft condominium offers a more contemporary build and layout compared to older inventory in the region, providing better structural standards.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $947 is substantial, which significantly increases the total monthly carrying cost and may impact buyer affordability.
- Market Stagnation
With 169 days on the market and four consecutive price drops, the property has faced prolonged market exposure, which can often lead to lower perceived value among buyers.
About 268 Bluebonnet Lane 124
Exceptional opportunity in Scotts Valley. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2004
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $947.0 / Month
Neighborhood Insights
Scotts Valley Unified Schools
Brook Knoll Elementary School
Grades PK-5 • 2.3 mi
8/10
Scotts Valley Middle School
Grades 6-8 • 0.4 mi
8/10
Scotts Valley High School
Grades 9-12 • 2.0 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,212 | 1,108 |
| Lot Size | - | 903.75 |
| Price | $640.0K | $699.2K |
| Price per sq ft | $528 | $602 |
| Built year | 2004 | 1985 |
| HOA | $947.0 | $794 |
| Days on market | 173 | 61 |
Pricing History
Listed for Sale
Oct 3, 2026
$640,000
$650,000
-2% Price Drop
Initial Listing
Price Change
Jul 24, 2026
$650,000
$680,000
-4% Price Drop
Initial Listing
Price Change
Jun 6, 2026
$680,000
$717,500
-5% Price Drop
Initial Listing
Price Change
May 4, 2026
$717,500
Initial Listing
Sold
Jul 14, 2021
$775,000
Public Record
Sold
Jul 31, 2014
$479,000
Public Record